A Public Good That Would Benefit Karen,Tammy,and Max Has a One

question 27

Multiple Choice

A public good that would benefit Karen,Tammy,and Max has a one time installation cost of $900.These three voters must approve any tax plan by simple majority and all three will cast a vote. $$\begin{array} { | c | c | c | } \hline \text { VOTER } & \text { RESERVATION PRICE } & \text { INCOME } \\\hline \text { Kris } & \$ 100 & \$ 1000 \\\hline \text { Taylor } & \$ 200 & \$ 5000 \\\hline \text { Max } & \$ 700 & \$ 6000 \\\hline\end{array}$$
The net social benefit of providing the public good is

• A) $100.
• B) $700.
• C) $900.
• D) $1,000.

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Definitions:

Holistic Care

An approach to healthcare that considers the whole person, including physical, emotional, social, and spiritual well-being.

Elective Outpatient

A medical or surgical service that is planned in advance and does not require the patient to stay in the hospital overnight.

Religious Medal

A piece of metal, often shaped like a coin and inscribed with religious symbols or figures, worn as a form of devotion or protection.